At the center of the case lies a practice dubbed the “10am manipulation<\/strong>” (or “10am dump”). For months, traders had observed abnormally high and recurring selling pressure on Bitcoin, precisely at 10am New York time.<\/p>\n\n\n\n Suspicions quickly turned to major institutional players, and the name of Jane Street<\/strong> began circulating insistently. The theory is simple: by selling massively at a precise time, it’s possible to artificially drive down the price and then buy back at a lower cost<\/strong>, a practice comparable to insider trading if based on non-public information.<\/p>\n\n\n\n